Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
At the Government’s National Manufacturing Summit being held at the Bristol & Bath Science Park today, Deputy Prime Minister Nick Clegg is set to announce that the government has provided an extra £1 billion for businesses seeking support to help them create new jobs and grow.
Ten SMEs are in the running for a national HSBC business award that will help boost their UK expansion on a national or international scale. The ten finalists are from across Great Britain, with four receiving a £50,000 HSBC Business Growth Grants.
An increasing number of SMEs are facing cash-flow problems with two thirds of debt recovery specialists having noticed a substantial rise in the number of small and medium sized businesses chasing large debts over the past 12 months.
More business owners are resorting to drawing on their own personal savings to keep their businesses going compared to this time last year.
One year since Exeter-based entrepreneurs Darren Westlake and Luke Lang launched Crowdcube, they claim to have helped business raise £2.3 million from investors – members of the public and high net worth individuals.
GoCardless, the new service which allows you to collect money directly from your customers’ bank accounts has gone live providing a real, and cost effective, alternative to accepting credit and debit cards.
Electricians could be in for a shock as they have moved to the top of the taxman’s targeted campaign list as the Electricians Tax Safe Plan (ETSP) will begin in February 2012 and give an opportunity for electricians and electrical fitters to come forward and declare unpaid tax.
In lean times, businesses need to be on top of their game, but when testing the financial fitness of a group of entrepreneurs, Intuit, the makers of QuickBooks accounting software, found many in dire need of a workout.
A new survey has revealed that ten per cent of small and medium-sized businesses are actively considering acquiring a competing business.
HM Revenues & Customs (HMRC) is proposing a complete overhaul of the way employee information is filed, with the introduction of its Real Time Information (RTI) reporting initiative. Employers and Payroll Managers are amongst those most affected by these changes, but effective planning and preparation will minimise disruption and allow for a smoother transition to the new system.
Exporters would value sector and country market intelligence in order to grow according to the ICAEW. This news comes as research shows that the rise in export activity will stagnate in 2012 due to turmoil in key global markets.
Vince Cable has spent the last few days squirming over a £1000 fine for failing to register for VAT on his reported £192,000 income from external sources but vowed he would continue to chase duty dodgers.
Hundreds of thousands of SMEs across the UK are still facing a lucky dip when it comes to getting a credit rating. The news follows a recent investigation into the practices of credit rating agencies leading to calls for the Government to force the credit ratings agencies to be more transparent in how they arrive at their recommendations.
Experian, the global information services company, have announced the launch of SME Finance Finder, a free online service for SMEs designed to match their particular finance needs to the most appropriate brokers and lenders.
This summer, HM Revenue & Customs (HMRC) has been contacting small businesses across the country with information and warnings on who is eligible to pay VAT, what the deadlines are, and the penalties of either not taking action within the deadline, or disguising revenues for VAT avoidance Diana Flier, senior compliance analyst, Intuit UK explains what you need to be prepared for.
